Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Capco and Envizage to deliver advice engine for financial services
Latest news
Capco and Envizage to deliver advice engine for financial services
28 January 2021 UK
Reporter: Maddie Saghir

Image: gerasimov174/adobe.stock.com
Capco, the global management and technology consultancy, and Envizage, the London-based analytics software provider, have entered into a new partnership to deliver the benefits of Envizage’s simulation-based holistic advice engine for financial services.

Established by three former Morgan Stanley partners, Envizage supports banks, insurers, pension funds and retail wealth and asset managers through its patented methodology and technology acquired from Morgan Stanley, which is a minority stakeholder in the company.

Delivered as an application programming interface (API), Envizage’s advice engine addresses all ?nancial products in the context of a customer’s future life goals.

Envizage simulates ‘real life’ outcome risks across different customer age groups, from millennials to retirees, using probabilities based on a range of factors, including inflation, longevity, mortality, health and liquidity.

“Envizage offers one digital foundation across many products, channels and countries. This is a highly complementary partnership from Capco’s perspective in terms of our respective areas of industry focus and our data and digital capabilities,” says Matt Hutchins, partner and insurance lead at Capco.

According to Hutchins, the ability to use data analytics to improve financial awareness and planning for customers, and to help businesses improve customer personalisation and cross-selling through different channels was particularly compelling given Capco’s focus across insurance and banking markets.

Vinay Jayaram, CEO and co-founder at Envizage, comments: “In these challenging times, millions of people around the world are seeking a clear path forward to build financial security for themselves and their families, and yet the advice gap has never been more apparent.”

“We look forward to working with Capco to address that disconnect and to drive a step-change in financial planning, customer personalisation and cross-selling opportunities for our mutual client,” adds Jayaram.

Also on the agenda, Capco recently announced that it would address the main challenges for the European Markets Infrastructure Regulation Refit standards.
Next latest article →

Solve Business Consulting joins TSSAG
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today